Home  Journals  Finance and Credit  45(525) - 2012 December

Unified View on the Nature of Economic Cycles

Available online: 6 December 2012

Subject Heading: Economic theory

JEL Classification: 

The economic dynamics is irregular and characterized by the specific periodicity. The wellknown economic cycles are Kitchin and Juglar cycles, Kuznets swings and Kondratieff waves. It is generally accepted that they have different economic nature. However, this research has shown that a unified approach to their description is possible. It is shown in the article that by using a model, based on obvious assumptions and the simplest mathematical conversions, it is possible to describe different cycles as a duplication of a certain basic cycle (Kitchin cycle.

Keywords: Kitchin cycle, Juglar cycle, Kuznets swings, Kondratieff waves Spectral Analysis, World annual GDP growth rates, Logistic map, Fixed point, Stable point, Boundary cycle, Lamerey chart, Bifurcation chart

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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